Diamantes--26 Communal Bank is made up of eight members, six women and two men. Solangel, 25, is the president of the bank. She has one child, age 3, and makes a living as a hairstylist, manicurist, and make-up artist in her beauty salon in the Santa Rosa neighborhood of La Paz.
This loan is Solangel's second sequence with the institution. She's going to use it to buy hairdressing and beauty products, and also for some materials she needs. This way she'll increase her working capital. She's requesting this loan because she needs to expand her business.
The challenge Solangel faces in her business is having a greater share of the market. She's going to use the profits to continue buying materials and improving her work.
She's happy about the loan and grateful to the institution for their help granting it to her because this is the only job that allows her to support herself.
El Banco de emprendimiento DIAMANTES – 26 está compuesto por ocho integrantes seis mujeres y dos varones, la presidenta del banco es la Sra. Solangel tiene 25 años, tiene un hijo de la edad de 3 años, ella se dedica al servicio de peinados y de manicurista y también maquillaje en su salón de belleza que se encuentra en la zona de Santa Rosa de la ciudad de La Paz, este préstamo es su segunda secuencia dentro de la institución, la Sra. Solangel va a utilizar este préstamo para la compra de productos de peluquería y belleza y también para algunos materiales que necesita y así de esta manera incrementar su capital de trabajo, su razón para solicitar este préstamo es que necesita ampliar su negocio, la Sra. Solangel enfrenta retos en su negocio que son tener mayor cobertura del mercado y va a utilizar los beneficios para seguir comprando materiales y mejorando su trabajo, se siente feliz y agradecida con la institucion por el apoyo brindado en la otorgacion del credito ya que esta es la unica actividad que le permite mantenerse.
Emprender has been working in Bolivia since 1999. It is dedicated to becoming a key tool in the development of its clients and the improvement of their quality of life. Operating in three of Bolivia’s major cities – La Paz, Cochabamba, and Santa Cruz – Emprender offers both urban and rural clients the opportunity to obtain financial products tailored to fit their needs and businesses. These products include housing loans, salary loans, “opportunity” (short-term) loans, and higher education loans. To better the quality of life for its clients and non-clients through non-financial services, Emprender offers free medical consultations and health classes given by trained doctors.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.